{"id":235487,"date":"2025-04-27T01:30:00","date_gmt":"2025-04-27T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=235487"},"modified":"2025-04-26T02:11:12","modified_gmt":"2025-04-26T09:11:12","slug":"bitcoin-confirms-april-bull-leg-with-strong-week","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/bitcoin-confirms-april-bull-leg-with-strong-week\/","title":{"rendered":"Bitcoin Confirms April Bull Leg With Strong Week"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Bitcoin <\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Last week was a good follow bar after triggering the High 3 setup<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/investing.com\/crypto\/bitcoin\" data-type=\"link\" data-id=\"https:\/\/investing.com\/crypto\/bitcoin\" rel=\"noopener\">Bitcoin<\/a><\/strong> rose +12% this week<\/li>\n\n\n\n<li>The move confirms the bull pressure we&#8217;ve expected since late March<\/li>\n\n\n\n<li>April was expected to deliver a new leg up, it just did<\/li>\n\n\n\n<li>Next Wednesday is the last trading day of April&#8217;s monthly candlestick<\/li>\n\n\n\n<li>So far, April is an outside up bar, Bitcoin gains are currently around +15% since March close<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT.png\" alt=\"weekly chart of bitcoin spot on april 26th 2025 with big round numbers for reference purposes\" class=\"wp-image-235600\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption class=\"wp-element-caption\">Bitcoin Weekly Spot Chart from Coinbase for price reference purposes<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1.png\" alt=\"weekly chart of IBIT ETF on april 26th\" class=\"wp-image-235597\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin traded between $50,000 and $75,000 for most of 2024<\/li>\n\n\n\n<li>That range broke out through $74,000, targeting the $100,000 level<\/li>\n\n\n\n<li>The move hit $100,000 by November, extended to $108,000<\/li>\n\n\n\n<li>$100,000 acted as a profit-taking zone, funds likely trimmed there<\/li>\n\n\n\n<li>Instead of collapsing, Bitcoin formed a three-month double top<\/li>\n\n\n\n<li>Neckline near $90,000<\/li>\n\n\n\n<li>Correction brought price back to test $75,000<\/li>\n<\/ul>\n\n\n\n<p>That area mattered:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It\u2019s the 2024 range&#8217;s breakout point level<\/li>\n\n\n\n<li>It aligns with the IBIT ETF\u2019s breakaway gap<\/li>\n\n\n\n<li>Buyers defended the structure a sign of strength<\/li>\n<\/ul>\n\n\n\n<p>There\u2019s was evidence of panic selling<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Large players were bulls taking profits, not bears<\/li>\n\n\n\n<li>Matches Q1 rebalancing activity<\/li>\n\n\n\n<li>30% drop led to trimming, then we expected Q2 net inflows (only in rebalance terms)<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin formed a High 3 (H3) reversal setup two weeks ago<\/li>\n\n\n\n<li>The pattern developed off the year\u2019s low, near $75,000 support area<\/li>\n\n\n\n<li>Last week we stated that the follow-through was good enough for the bulls, after the H3 triggered<\/li>\n\n\n\n<li>This week printed a strong bull bar, validating the setup<\/li>\n<\/ul>\n\n\n\n<p>The weekly structure continues to favor patient bulls:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buyers are now about 1x risk in profit<\/li>\n\n\n\n<li>Most will adjust stops to breakeven, scale out partially, or protect their position somehow. <\/li>\n<\/ul>\n\n\n\n<p>You may recall this setup was not high-probability. It was a reversal pattern inside a bear channel. That said, we discussed that bulls were trading it for 2:1 or better reward.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trend traders might still wait for a close above around all-time highs to enter<\/li>\n\n\n\n<li>Bears lack a clean short setup. Selling into strength has failed<\/li>\n\n\n\n<li>Short setups might become attractive again near all-time highs<\/li>\n<\/ul>\n\n\n\n<p>Do you consider this breakout strong enough to justify fresh long exposure?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> chart of Bitcoin <\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2.png\" alt=\"daily chart of bitcoin on april 25th 2025\" class=\"wp-image-235594\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-2-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin has been inside a broad bear channel since topping at $108,000. This channel has now broken.<\/li>\n\n\n\n<li>The price bounced from the 200-day SMA (IBIT), also near the 365-day SMA on the spot chart<\/li>\n\n\n\n<li>These were clean support zones, discussed in earlier reports<\/li>\n\n\n\n<li>A simple swing setup that we mentioned played out well:\n<ul class=\"wp-block-list\">\n<li>Buy at moving average<\/li>\n\n\n\n<li>5% stop, 10% target<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>None of these trades were stopped out. That gave confidence to bulls<\/li>\n\n\n\n<li>Tuesday: Gap up with strong bull bar, closed near high<\/li>\n\n\n\n<li>The bulls clearly did a bull breakout of the 21-day EMA (or 30-day EMA on Bitcoin Spot)<\/li>\n\n\n\n<li>This matched the breakout pattern bulls were watching for<\/li>\n\n\n\n<li>A sign of strong bulls and weak bears<\/li>\n\n\n\n<li>We said before that buying after a gap and strong close would invalidate any bearish thesis<\/li>\n\n\n\n<li>All gaps from the bear channel are now closed<\/li>\n\n\n\n<li>This is catching overhead resistance from trapped bulls<\/li>\n\n\n\n<li>It also increases the probability that the next leg higher continues cleanly<\/li>\n\n\n\n<li>A pullback would attract many more bulls than the current breakout<\/li>\n\n\n\n<li>They are watching for a classic second leg setup <\/li>\n\n\n\n<li>If that forms, the second leg up could target $100,000 or even $110,000<\/li>\n\n\n\n<li>Bears might re-enter around $100,000, a level where there might be more trapped bulls<\/li>\n\n\n\n<li>Since $90,000 bears will be watching for possible reversal patterns<\/li>\n\n\n\n<li>Without a top structure (like a wedge or double top), bears remain weak<\/li>\n\n\n\n<li>If there is a reversal down from here, more likely due to trapped bulls selling than bears shorting<\/li>\n\n\n\n<li>Will bulls step in again on the first pullback after the breakout?\n<ul class=\"wp-block-list\">\n<li>I think they are looking ways to enter, such as:\n<ul class=\"wp-block-list\">\n<li>Reversals from the 21-day EMA (or 30-day EMA on Bitcoin Spot)<\/li>\n\n\n\n<li>Reversals from a 50% pullback based upon the size of the bull leg<\/li>\n\n\n\n<li>High 2 or High 3 setups (micro double bottom or wedge bottom formations)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Does this mark the start a bull trend or this are just bull legs in a trading range?\n<ul class=\"wp-block-list\">\n<li>For now I expect just legs in a trading range<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>How will bulls respond if $100,000 is tested again?\n<ul class=\"wp-block-list\">\n<li>$100,000 and the current all-time high are the major resistances to watch<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>What are you watching for next week? Share your thoughts in the comments! <\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: Bitcoin The Weekly chart of Bitcoin That area mattered: There\u2019s was evidence of panic selling The weekly structure continues to favor patient bulls: You may recall this setup was not high-probability. It was a reversal pattern inside a bear channel. That said, we discussed that bulls were trading it for 2:1 or better [&hellip;]<\/p>\n","protected":false},"author":7271,"featured_media":235597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1904,136],"tags":[223,324],"class_list":{"0":"post-235487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-analysis","9":"tag-bitcoin","10":"tag-cryptocurrency","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250426-BITCOIN-REPORT-1.png","author_info":{"display_name":"Josep","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/cnjoseluis10gmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/235487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/7271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=235487"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/235487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/235597"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=235487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=235487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=235487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}